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‘Compel firms to use local steel’

UNIVERSAL Mining and Chemical Industries Limited (UMCIL) has urged Government to set up regulations that will compel contractors undertaking public projects to use locally produced steel and related products to boost the manufacturing base. Meanwhile, Zambia Development Agency (ZDA) director general Patrick Chisanga says it is saddening to see that …

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Taxing mines is a daunting task

THE government recently introduced a new mining tax regime in the 2015 national budget and the reverberations of this decision are still being felt as various stakeholders express their reactions. For instance, the Chamber of Mines has warned that the new regime is likely to hit investment. One of the …

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Mumbwa exploration yields positive results

INTREPID Mines Limited has produced samples which show the existence of more copper and gold at the company’s Mumbwa projects, chief executive officer Scott Lowe has disclosed. Mr Lowe said once the results from the report have been analysed, Intrepid will do some follow-up drilling. Mr Lowe said in Intrepid’s …

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$200m power project to start soon in Sioma

THE construction of the US$200 million hydro-power station in Sioma is awaiting the conclusion of an implementation agreement between the developer, Western Power Limited, and Government. Western Power Limited chairperson Sipho Phiri said the 60-megawatt (MW) station, is expected to be the largest private sector investment in Western Province. Construction …

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100Mt-plus copper resource defined at Botswana copper, silver play

A recent drilling campaign on the Zone 5 deposit at Cupric Canyon Capital subsidiary Khoemacau Copper Mining, in Botswana, has defined a 100-million-ton high-grade copper and silver ore resource, the company said on Tuesday. “This most recent drilling and feasibility work has established Zone 5 as one of the most …

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